Cerebras Announces Microsoft Deal Alongside Stronger Revenue Outlook
Cerebras says Microsoft signed an agreement in October, with revenue expected to start in early 2027. The AI company also reported quarterly results and a stronger near-term revenue forecast.
Cerebras Systems has signed a deal with Microsoft and expects revenue from the relationship to begin in the first quarter of 2027, CEO Andrew Feldman told CNBC on Thursday.
Feldman said Microsoft signed the agreement in October. The disclosure accompanied the AI infrastructure company's third-quarter earnings report. The official release referred to a newly signed agreement with a top-three hyperscaler without naming it; Feldman identified Microsoft in the CNBC interview.
Cerebras reported third-quarter GAAP revenue of $210.8 million. Its separate, non-GAAP core revenue measure was $230.9 million. The two figures use different accounting treatments and should not be treated as interchangeable.
For the fourth quarter, Cerebras forecast revenue of $310 million to $330 million and a core gross margin of 47% to 49%. Those figures are company guidance, not completed results.
The company said it expects revenue to triple in 2027 as demand for AI inference grows. The outlook depends on execution and customer demand, including the timing of new agreements.
The Microsoft disclosure adds another large cloud customer to Cerebras' business. Financial terms of the agreement were not provided in the reporting reviewed for this article.